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Apple boringly makes $7.8 billion in a few months


If a company could ever generate $7.8 billion of profit in three months and make it seem like no big deal, it’s Apple.

The company pretty casually beat all expectations for its fiscal third quarter, announcing on Tuesday that it sold 40.4 million iPhones and generated sales of $42.36 billion. 

Just another quarter for Apple, which has come under fire recently by critics that have said the company is out of fresh ideas for its flagship iPhone and is facing greater competition on almost every front. 

Not that those aren’t fair points. Apple is facing serious upstarts in the smartphone industry in key markets, particularly overseas, while trying to figure out how it’s going to fend off just about every other tech company in the U.S.  Read more…

More about Iphone, Business, and Apple

This post is from Mashable. Click here to read the full text

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